February 2019

While things naturally are a little slower in the post-Christmas period, the MTAiQ team still had plenty going on in January.

Nathan Nguyen, our MTAiQ Community Manager, travelled west to give a presentation at Startup Toowoomba, an organisation that looks to boost innovation on the Darling Downs by running a variety of events, workshops and mentoring activities.

As the co-founder of the Pegasus Flying Car Project, Nathan was able to give an insight into an entrepreneur’s journey and share his thoughts on autonomous vehicles, automotive innovation and the future of mobility.

Nathan also went along to an INNOV8 Logan community coffee gathering to catch up and network with local entrepreneurs in the south Brisbane area, and also attended an Oracle Brisbane meetup at which Elijah Eilert, a start-up coach, gave a presentation on ‘innovation accounting’ which challenges traditional accounting methods.

Innovation accounting is designed to ‘monitor progress, hold intrapreneurs accountable and give them the necessary freedom and agility to succeed’. The aim of the event was, in part, to give attendees an understanding of a new approach to funding projects and portfolios, and of measuring team performance.

THE PACE OF INNOVATION TO INCREASE

While January may be a little slower as everyone recovers from the Christmas and New Year holiday and shift back into ‘work’ mode, we should expect things to speed up, and quickly.
The end of 2018 brought with it to our shores the all-electric Ioniq car from Hyundai. That car is now on sale at select dealerships and will be followed early this year by the all-electric Kona. Together, these vehicles represent the first small wave of an expected electric vehicle (EV) tsunami.

While EVs are the most obvious and tangible example of the advancements and disruptions to the automotive industry, there are a myriad of other technological developments being researched and which will have a direct impact on us all.

It is incumbent upon all of us in the industry to keep as up to date as possible with what is happening – for the industry in Queensland to remain vital, there is no other alternative than to adapt to, train for, evolve with, or even create ourselves, that disruptive tech.

Keeping up to speed with those advances can, however, be a little tricky – so much is happening that it can be a bit bewildering – but a central part of MTA Queensland’s mission is to assist industry to recognise and understand these developments.

Since 2017, MTA Queensland has run the Carmageddon symposiums – events designed to highlight to attendees those very advances – and the third edition of Carmageddon will take place on March 21, at the Sir Jack Brabham Automotive Centre of Excellence, with a roster of heavy hitters within the automotive R&D space due to deliver presentations. There will also be a selection of technology on display, including electric vehicles.

If you can spare the day, it’s an event you shouldn’t miss.

GOT AN IDEA? LET US KNOW!

As Dr Brett Dale, MTA Queensland CEO, mentioned in his column, the Association, through the MTAiQ Innovation Hub is interested not just in providing assistance to start-up businesses and entrepreneurs in the form of space, contacts, time and resources. If the right concept, idea or project should come along, then a financial investment may also be considered.

Just such an arrangement has recently been made with a start-up business (an arrangement which we will talk about in depth in the near future), and that agreement is a reminder not to ignore that idea that has been rattling around in your head. If it tackles a problem in the industry, or is something new that can help move the industry move forward, then let us know about it. The MTAiQ is here to help, and who knows where that seed of an idea might lead.

So, if you’ve got an idea, then get in contact – it will do no good to keep it hidden. As leading entrepreneur Margaret Heffernan said: ‘For good ideas and true innovation, you need human interaction, conflict, argument, debate.’

We look forward to hearing from you.

Until next time.